US Stocks Flat as Inflation Remains Elevated

The US stock market saw little change on Wednesday as investors digested the latest inflation data and looked ahead to Nvidia's quarterly results.

The S&P 500 edged down 0.02% to 7,675.70, while the Nasdaq Composite slipped 0.08% to 26,130.20. The Dow Jones Industrial Average fell 113.52 points, or 0.21%, to 53,463.88.

The Federal Reserve's preferred inflation measure showed price pressures remained elevated in July, with headline personal consumption expenditure inflation rising slightly more than expected and core PCE, which excludes food and energy, meeting forecasts.